The probability of a Fed rate cut in June is approaching zero, as the market prices in a 66.9% chance of zero rate cuts within the year
Since 2026, the macro narrative has undergone an almost complete reversal. In 2025, the market widely expected the FED to cut rates two to three times in 2026, with ample liquidity viewed as the key driver for the next crypto rally. However, two inflation reports released one after another—April CPI up 3.8% year over year and PPI surging to 6% year over year—completely rewrote this script. As of May 19, CME interest rate futures show the probability of the FED holding rates unchanged in June has
GateInstantTrends·05-19 07:37
